NEW YORK (AP) — With today’s advance for stock prices, the S&P 500 has edged higher for the year. Trading volume has been light in the final session before the Christmas holiday. The market will be closed on Monday because Christmas falls on a Sunday this year.
WASHINGTON (AP) — President Barack Obama says passage of a two-month tax cut extension for 160 million workers is “some good news just in the nick of time for the holidays.” The president today signed the bill, which also provides unemployment benefits for millions of people.
WASHINGTON (AP) — A unit of General Electric will pay $70 million to resolve complaints about the company’s role in illegal activity in the municipal bond investments market. The Justice Department says GE Funding Capital Market Services has acknowledged improper, anticompetitive conduct by its former traders.
WASHINGTON (AP) — Despite a 1.6 percent rise in November sales, 2011 remains on track for the worst year on record for new home sales. Like prospective buyers, builders have also had trouble getting credit, and a heavy supply of foreclosed used homes remains on the market.
SEATTLE (AP) — At a shopping mall in suburban Seattle, the air was filled pepper spray when a crowd turned out for Nike’s new Air Jordan basketball shoes. Elsewhere, officers arrested some shoppers after a crowd broke down a door in suburban Atlanta